What is the difference in reporting income from a subsidiary in the parents separate income statement and
Question:
What is the difference in reporting income from a subsidiary in the parent’s separate income statement and in consolidated financial statements?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
The difference in the equity method and consolidation lies ...View the full answer
Answered By
Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
4.60+
16+ Reviews
28+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
In the long run, the level of output is determined by the: A) interaction of supply and demand. B) money supply and the levels of government spending and taxation. C) preferences of the public. D)...
-
What is the difference in the interference patterns formed? (a) By two slits 10-4 cm apart, (b) By a diffraction grating containing 104 lines/cm?
-
What is the difference in accounting for investments among investor-owned, not-for-profit, and governmental health care organizations?
-
Elena, a student in F-1 immigration status from Romania, is on the basketball team. She arrived in the U.S. on June 18, 2023 on a full athletic scholarship that includes $10,000 for her room and...
-
At the beginning of March, Brister Software Company had Cash of $12,000, Accounts Receivable of $18,000, Accounts Payable of $4,000, and G. Brister, Capital of $26,000. During the month of March, the...
-
1. Find the optimal March shipment schedule and its total transportation cost for each of the following: a. Cotton b. Polyester c. Silk 2. The company will be opening a silk-making department in the...
-
Why do welfare programs create work disincentives?
-
The fund balance sheet of Sundown State University, a public institution, is presented on the next page. For purposes of external reporting, the university has opted to report as a special-purpose...
-
The coefficient of kinetic friction between the 14-kg box and the inclined surface is zero when it is subjected to a constant horizontal force F = 20N. What is the velocity v of the box 2 seconds...
-
1. In the United States, nearly two-thirds of Starbucks outlets are company owned; the remaining one-third is operated by licensees. Outside the United States, the proportions are reversed: About...
-
Is there a difference between the amount of a parents net income under the equity method and the consolidated net income for the same parent and its subsidiaries?
-
Cite the conditions under which you would expect the balance of an equity investment account on a balance sheet date subsequent to acquisition to be equal to the underlying book value represented by...
-
Rockwell moved for summary judgment, offering deposition transcripts of various employees. Pendy's deposition detailed instances of harassment, including comments about her body, instances of...
-
Which of the five primary components of national security is MOST focused on protecting the financial markets, such as banking and trading? economic security political security military security ...
-
The Northern Command oversees which aspect of National Security? defending the continental United States and coordinating with Canada and Mexico defending US interests in Europe, especially in...
-
Xiofang has just been appointed as a diplomat to Poland for the United States. Xiofang's duties as a diplomat include relocating to Poland to more easily meet with other diplomats and Polish...
-
Commercial Roofing Company purchases inventory of $64,500. The freight cost is $700. Its supplier uses the FOB destination method. Calculate the total cost of purchasing the inventory to Commercial...
-
Hat is a key feature in computing your FICO score? What is a key feature in computing your FICO score? Debt Your annual gross income How much money you have in savings?
-
The person to whom an instrument is transferred. a. bearer ins trument b. blank indors ement c. counterclaim d. dishonorment e. holder in due course f. indorsee g. indorsement h. indorser i. material...
-
Quadrilateral EFGH is a kite. Find mG. E H <105 G 50 F
-
Assume the Black-Scholes framework. For t 0, let S(t) be the time-t price of a stock. You are given: (i) S(0) = $48. (ii) The stock pays dividends continuously at a rate proportional to its price....
-
The information needed to prepare the Cash Flow from Operating Activities section of Pro Corporations consolidated statement of cash flows is included in the following list: Cash received from...
-
Pea Corporation purchased 75 percent of the outstanding voting stock of Sen Corporation for $2,400,000 on January 1, 2011. Sen's stockholders' equity on this date consisted of the following (in...
-
Pal Corporation acquired 70 percent of the outstanding voting stock of Sal Corporation for $91,000 cash on January 1, 2011, when Sal's stockholders' equity was $130,000. All the assets and...
-
Assignment 1 1. Write a program to implement the following formula for a -10 and b = 4; result = (a + 2b - 4ab)^4 // ^4 means to the power of 4 (1 mark) 2. Write a program to implement result = sin...
-
I have most of it done, I just need help fixing some things. import java.util.Scanner; public class Main { private String[] database; private Scanner input; public Main() { database = new...
-
Part 2 - WeatherMonitor Suppose you observe daily temperatures and want to know how hot each day is compared to recent days. That is, you want to: keep track of daily temperature values and know for...
Study smarter with the SolutionInn App